ABGSC acted as sole manager and bookrunner in connection with the SEK 280m senior secured bond issue by Euroflorist Intressenter AB (publ)

Euroflorist has printed its inaugural SEK 280m bond issue, the proceeds will be used to refinance existing bank debt and general corporate purposes. The bonds have a tenor of four years and carry an interest rate of Stibor 3m + 6.25%. The refinancing were conducted in order to achieve a non-amortising debt structure that will allow management to focus on running the business and capture future profitable growth opportunities. Private equity sponsor, Litorina Capital Advisors, owns 56% and acquired Euroflorist in 2007.